We know we want to create an llc but is it difficult to secure a loan?

Do you intend to purchase additional properties?

People who think they are going to spend a few hours per week and make a $1000 is not reality.

Welcome to BiggerPockets!

Partner Driven saw a fantastic opportunity to leverage the property’s market-ready condition, allowing for a swift and profitable transaction with minimal investment or risk.

Sometimes it's best to cut your losses and move on.

Managing real estate, and doing it well, is an entirely different story.I would keep your eyes open for a book that teaches you how to manage well.

@Scott Tennell there might be two different definitions here to the PML term.So, if you mean you are reaching out to PML that lend money all the time and have experience doing it - then they will tell you what their requirements are.  

In an event of emergency that in order to make your guests happy you might have to take care of things out of your pocket but make sure the landlord is agreed to reimburse you as long as the cost you incurred fall within a reasonable market rate. 3.

My first big leap was using a VA loan to pick up a foreclosure property – no money down, which was a game-changer for me!